Mention real estate bargains and the first thought that usually comes to mind is foreclosure. If there’s a bargain to be found, most people assume that this is where it is.

The time it takes lenders and banks to foreclosure on a home has increased due to the volume of loan defaults.

Foreclosure Trackers, Inc., a one-stop foreclosure resource for investors of all levels, will present a workshop titled, “Defaulted Mortgages: Turning Foreclosures into Investment Income” on Thursday, March 20 from 7-9 p.m.

Foreclosures hit an all-time high in the United States in the last three months of 2007.

The delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 5.82 percent of all loans outstanding in the fourth quarter of 2007 on a seasonally adjusted (SA) basis, up 23 basis points from the third quarter of 2007, and up 87 basis points from one year ago, according to MBA's National Delinquency Survey.

If you thought that the housing market could not get any worse, think again as mortgage foreclosures in USA hit a new record high.

Foreclosure Trackers, Inc., a one-stop foreclosure resource for investors of all levels, will present “Defaulted Mortgages: Turning Foreclosures into Investment Income” on Saturday, March 1 at 11:30 a.m. and 2:30 p.m. and Sunday, March 2 at 11:30 a.m. and 2:30 p.m. during the Home Improvement & Backyard Living Expo at Angel Stadium of Anaheim.

Today, the George W. Bush Administration warns that it will veto the Foreclosure Bill. This foreclosure bill, supported by Democratic Congress leaders Pelosi and Reid, "would change American bankruptcy laws to allow judges to cut interest rates and reduce what's owed on troubled borrowers' mortgages, provide $4 billion to communities to purchase and rehabilitate foreclosed homes, and improve disclosure of subprime mortgage loans in hopes that borrowers won't be surprised by big payment increases".

According to the Washington Post today, Bush has announced he will veto the bills pending in Congress designed to allow homeowners to rewrite their home mortgages in chapter 13 cases.

Veronica Hearst is not the only famous and formerly rich person grappling with the soul crushing and credit wrecking world of foreclosure. Fortress Investments, the long suffering lender who holds the multi-million dollar mortgage on Michael Jackson's once beloved Neverland Ranch, has reached the end of their patience rope with the financially strapped and fallen music icon.

South Florida real estate market is inundated with foreclosures as the housing market is way down in South Florida.

Another attempt by the Feds and the banks to stop the flood of foreclosures due to the burst of the housing market. They are coming out with a new plan almost every day and they don’t seem to be working so far. The new plan is called “Lifeline” and it will try to suspend foreclosure proceedings up to 30 days to see if terms of the loan can be modified so the homeowner can afford the payments.